TECH NEWS
The Private Equity and Real Estate Substance Survey
The Private Equity and Real Estate Substance Survey 2020 is out! Explore the results.
November 6, 2020
KPMG Luxembourg today announced the release of the Private Equity and Real Estate Substance Survey 2020.
Substance continues to be a hot topic as Brexit looms, with managers enhancing their presence in Luxembourg to distribute financial services in the EU.
The survey, which explores the results of 60 participants with a combined total of €500 billion assets under management, tracks the evolution of AIFMs in Luxembourg over a twelve-month period, looking at number of funds under management, staff numbers, job profiles, and confidence in substance levels.
This year, the percentage of asset managers surveyed with a regulated Luxembourg AIFM license has almost doubled from 30% to 60%.
Christophe Diricks, head of Alternative Investments, attributes this growth mainly to Brexit. However, the main trend to note is that alternative fund houses are choosing Luxembourg as their EU hub confirming that Luxembourg is now the location of choice for alternative investments.
If you’d like to know more about the results of the survey, please see the press release.
All findings can be found under the following link:
https://home.kpmg/lu/en/home/insights/2020/10/private-equity-real-estate-substance-survey-2020.html